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Showing posts from November, 2022

Is Ether a coin, a token, or a digital currency?

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] in a word the crypto space can be confusing others might choose the word enticing though the past 11 months have been anything but ethereum the second largest cryptocurrency project in terms of market capitalization and the second largest non-stable coin in terms of trading volume is a project that has equal parts confusing and enticing ethereum serves multiple purposes the platform itself is a developer's Haven allowing for the creation of literally thousands of different smart contracts which in turn create new crypto projects that's the platform itself but attached to ethereum is its native asset ether whilst Bitcoin is both a project and an asset ether is different from ethereum and in this video we'll take a look at what the most appropriate identifier for ether is whether that be labeling it as a coin a token or a digital currency ether...

Everything You Need To Know About Galileo Exchange’s GELT Token | Kalkine Media

 foreign [Music] every week new crypto tokens join the crypto Market there are already over 20 000 tokens listed on coin market cap or offering different use cases and features one token which is the native token of gamified crypto exchange Galileo is gelt Galileo exchange is a gamified trading platform providing Traders with a unique combination of crypto exchange blockchain project and accelerated price Dynamics Galileo has developed and implemented some impressive Technologies in fact it works to be one of the first to combine trading with truly engaging mechanics under a Tight Seal of blockchain tech the self-proversed day Traders Paradise introduces dynamically tethered indexes which according to Galileo turn every second into a new trading opportunity dynamically tethered indexes are created by combining a base asset EG Bitcoin with a random component known as atmospheric noise the result is a hybrid instrument which ultimately boosts trading opportunities with more technical...

Can you mine Bitcoins in Australia? | Kalkine Media

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] Bitcoin mining has always enticed both individuals and businesses [Music] one of the reasons is that crypto mining is typically a safer bet compared to trading which is a very volatile space the way it works is the miner gets a BTC token after partaking in the process of the recording of transactions on bitcoin's blockchain this means it's a reward or payment for the work that's been done as opposed to a profit that arises from a buy or sell activity so let's take a closer look at Bitcoin mining for Aussies now yes it is in fact possible to mine crypto here in Australia to do this The Miner would need an expensive computer or specific Hardware that's in order to mine crypto optimally whether it's in Australia or anywhere else in the world that allows it for that other these computers or Hardware are known as miners or mining rigs ...

Can you mine Bitcoins in Australia? | Kalkine Media

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] Bitcoin mining has always enticed both individuals and businesses [Music] one of the reasons is that crypto mining is typically a safer bet compared to trading which is a very volatile space the way it works is the miner gets a BTC token after partaking in the process of the recording of transactions on bitcoin's blockchain this means it's a reward or payment for the work that's been done as opposed to a profit that arises from a buy or sell activity so let's take a closer look at Bitcoin mining for Aussies now yes it is in fact possible to mine crypto here in Australia to do this The Miner would need an expensive computer or specific Hardware that's in order to mine crypto optimally whether it's in Australia or anywhere else in the world that allows it for that other these computers or Hardware are known as miners or mining rigs ...

Why was Bitcoin created? Does white paper have an answer? | Kalkine Media

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki does the world need a new form of money we've seen a reduction in the use of paper money over the last few decades as Fiat currencies such as the us or Australian dollar can be transferred digitally much easier than before over the last few years the rise and popularity of cryptocurrencies has renewed discussions around the need for a modern currency for a fast-moving world Satoshi Nakamoto launched Bitcoin in the late 2000s and the idea was to give people a modern and faster medium of currency in exchange if we look closely at the Bitcoin white paper it can be quite easy to understand the intentions behind creating a peer-to-peer version of digital money this nine page document begins with the electronic cash system title and explains Concepts such as timestamp and hashing in the following subheaders a brief abstract at the beginning of the document announc...

Can Bitcoin replace gold anytime soon? | Kalkine Media

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calkin [Music] what was the purpose of the world's first cryptocurrency Bitcoin if one reads the Bitcoin white paper it appears to be that Bitcoin was primarily intended to serve as a better alternative to Fiat currencies however not too long after its launch in 2009 many enthusiasts started comparing Bitcoin with assets like listed stocks and gold today cryptocurrency can be traded on many platforms including binance which to some extent resembles how the equity Market operates but can Bitcoin be compared to a tangible item like gold some proponents of Bitcoin have gone as far as suggesting that it can even replace gold for ages the precious and one of the most costly Metals gold has drawn the interest of investors the value of gold is also appreciated over the long term which compels many investors to view it as a safe haven however can a cryptocurrency like Bit...

Can NFTs be used for commercial transactions? | Kalkine Media

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] non-fungible tokens are often confused with cryptocurrencies over the past couple of years nfts of artists to people and projects like crypto punks have hit the headlines for their high prices and not only these nft assets linked to celebrities like singer Madonna and actor Bill Murray have also been released to the market many websites that track the activities of cryptocurrencies also do it for nfts and this is one reason why nfts have become a part of the broader blockchain based asset World which first shot to fame with the launch of Bitcoin all the way back in 2009 on that note let's explore whether nfts can be used for commercial transactions the question is can nfts also achieve the status of money someday in their fundamental characteristics the term non-fungible for events nfts from becoming exactly like cryptocurrencies non-fungible means t...

Why did Reddit NFT avatars sales soar? | Kalkine Media Duration: 00:02:43

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] hello I'm James president thanks for tuning in to calkine TV for the daily crypto catch users of online messaging board Reddit have created 3 million nfts which have spiked in value with collectors seeing the new avatars as a major trading opportunity secondary market sales of reddit's collectible avatars nfts have topped 1.88 million so far today this is an astonishing almost 800 percent increase from Sunday itself some of the 2.9 Million avatars in circulation were premium nfts that were purchased from the site with initial fixed price points ranging from ten dollars to one hundred dollars per unit according to data from Reddit floor about 86 000 nfts were sold to users and they now have a collective market cap of about 100 million US dollars an nft for the uninitiated is a non-fungible token which represents ownership of a unique collector...

Why is ASIC taking action against the company behind Qoin crypto? | Kalkine Media

 Hello I’m James Preston and thanks for tuning into Kalkine TV for The Daily Crypto Catch. The Australian corporate watchdog has launched legal action against the company that owns Gold Coast-based digital currency Qoin, claiming it made false, misleading or deceptive representations to almost 80,000 users. The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against BPS Financial Limited, accusing the company of engaging in unlicensed conduct. According to ASIC, BPS Financial Limited made false, misleading or deceptive claims when it told consumers that the Qoin could be exchanged for cryptocurrency or Australian dollars on an independent exchange. Additionally, it claims BPS made false, misleading or deceptive statements by saying that consumers could use Qoin to purchase goods and services through an increasing number of businesses and merchants that had adopted the digital currency. BPS Financial Limited's Dire...

How the recent federal budget changes the tax status of cryptocurrencies? | Kalkine Media

 Hello I’m Rachael Jones and thanks for tuning into Kalkine TV for The Daily Crypto Catch. One of the big changes in the federal budget will be the way in which Australians pay taxes on crypto assets. Amongst those changes is the way in which the tax office views Bitcoin. Under new reform, Bitcoin will no longer be treated as a foreign currency for tax purposes. Instead, Bitcoin and all cryptocurrency will be treated as an asset where investors will pay capital gains tax on profits when they sell or trade digital currency through an exchange. The incoming legislation will be backdated to income years that include July 1, 2021. The Australian tax office estimates that one million tax payers have bought or sold crypto since 2018. In market news, Bitcoin fell around 2.44 percent in the past 24 hours, and was recently trading at just above US$20,276. Meanwhile, Ethereum also fell, dropping 3.28 percent from this time yesterday and was recently trading at US$1,514. As for todays winners...
 Hello I’m James Preston and thanks for tuning into Kalkine TV for The Daily Crypto Catch. The CEO of Coinbase, Brian Armstrong has said that Bitcoin will become a flight-to-safety asset within the next ten years. Speaking to Coinbase’s Around the Block podcast, he said that Bitcoin’s market capitalisation was not yet large enough to act as a flight-to-safety asset but that would change in the next ten years when the crypto economy grows to be a significant proportion of the wider global economy.(1)Bitcoin has been dubbed “digital gold” in the past to describe it as a hedge against inflation comparable to gold. However, as inflation rocketed in 2022, the price of Bitcoin has plummeted to around a third of its value. (2) Bitcoin saw an all-time high last November when it peaked at around US$67,500. Since then it has sunk to around US$20,000, where it sits currently. Armstrong conceded that he had overestimated the chances of Bitcoin being a hedge against inflation in the current eco...

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